FAURECIA AMENDS AND EXTENDS ITS €1.2 BILLION LONG-TERM SYNDICATED CREDIT FACILITY

Jun 19, 2018,  by Faurecia

Faurecia signed on June 15 an Amend & Extend (A&E) agreement regarding its €1.2 billion Syndicated Credit Facility, initially signed in December 2014 and already amended in June 2016.

This new agreement extends the maturity of the facility, which is undrawn as of today, from June 2021 to June 2023, with two optional one-year extensions. It also improves its economic conditions.

This agreement strengthens the Group’s financial structure and flexibility over the long-term: Faurecia’s average long-term debt maturity now exceeds five years and its average cost of financing is below 3%.

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